Union Finance Minister Nirmala Sitharaman shared the details ofthe fiscal and monetary measures worth Rs 20 lakh crore announced by PrimeMinister Narendra Modi on Tuesday, to tackle the impact of coronavirus andweeks of lockdown on the economy.
Here are highlights of whatFinance Minister Nirmala Sitharaman said about the government's AtmaNirbhar Bharat Abhiyan package:
Sitharaman said that global tenders to be disallowed in Government procurement up to Rs 200 crores. This will make self-reliant India, and will also then be able to serve 'Make in India'.
She further stated that the economic package is to ease financial stress as businesses get back to work, Government decides to continue EPF support for business & workers for 3 more months providing a liquidity relief of Rs 2,500 crore.